Prescott Sporting Goods Company has 45,000 shares of stock outstanding. What total dividend declaration would be necessary for t

Question

3 years ago

9

he dividend per share to be $1.00?
$450.00
$4,500.00
$45,000.00
$450,000.00

2 answers:

Olin [163] · Answer 1 · 2022-06-18T18:05:53+03:00

Olin [163]3 years ago

8 0

the answer is 45,000 cause i went and searched it and found it somewhere else lol

maks197457 [2] · Answer 2 · 2022-06-18T20:05:56+03:00

Answer:

The correct option is 3.

Step-by-step explanation:

It is given that the Prescott Sporting Goods Company has 45,000 shares of stock outstanding.

Total number of shares is 45,000.

The necessary amount of dividend per share is $1.00. The total dividend is

$45,000\times \$1.00=\$45,000$

Therefore the total dividend amount is $45,000 and option 3 is correct.